News Details
Sauber: Yes, it is true,’We’re in trouble’
Sauber F1 boss and co-owner Monisha Kaltenboth Sauber is entering yet another F1 season under a financial cloud. A year ago, it was the Giedo van der Garde saga that almost derailed the struggling Swiss team. Now, the Swiss newspaper Blick reports that Sauber has fallen behind in its wage payments to its more than 300 staff at the Hinwil factory. 'Yes, it is true,' boss and co-owner Monisha Kaltenboth confirmed. 'Part of the February salaries are still due, which I really regret,' she explained. Kaltenborn continued: 'Right now is the most cost-intensive period (of the season). And there have been technical problems with the transfer of a big sponsorship amount from abroad.' She told her...
Full Story »
Full Story »
9y ago from ThisIsF1.com
0
You May Also Be Interested In...
Nasr admits points will be difficult in 2016
Sauber is targeting the midfield in 2016. Last year, the Swiss team...
9y ago from ThisIsF1.com
New Sauber better all-around but more work ahead - Nasr
XPB Images
As he starts his second Formula 1 season Sauber's...
9y ago from F1i.com
Sauber presents its 2016 F1 challenger
The Sauber Formula 1 team has presented the car with which it will compete...
9y ago from Motorsport.com
Nasr: Driving in the top 10 will be a big challenge
In the wake of unveiling their 2016 Formula challenger, the last team to...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Pedro Acosta looks set for a future beyond KTM
No description available...
6h ago from Motorsport.com
LCR boss reveals Honda is ‘more determined than...
LCR team owner Lucio Cecchinello has revealed that Honda is "more...
1d ago from MotorsportWeek.c...
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
1w ago from MotorsportWeek.c...
Yamaha officially begins testing of V4 MotoGP engine
Yamaha technical director Max Bartolini has confirmed the MotoGP factory...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Three rookies, five returning drivers successfully...
The NTT IndyCar Series held the beginning of a two-day open test session...
1h ago from MotorsportWeek.c...
What is IndyCar's Rookie Orientation Program, and how...
No description available...
9h ago from Motorsport.com
Arrow McLaren unveils new themed liveries for Indy 500
Arrow McLaren has unveiled a trio of special liveries for the upcoming...
2d ago from MotorsportWeek.c...
Arrow McLaren steps outside of the all-Papaya livery...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
M-Sport chief Malcolm Wilson nominated as FIA deputy...
Malcolm Wilson, OBE, and founder of title-winning WRC outfit M-Sport, has...
12h ago from MotorsportWeek.c...
Malcolm Wilson nominated as new FIA deputy...
No description available...
13h ago from Motorsport.com
FIA swearing standoff cools as stage-end interviews...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 2-2 Crystal Palace: Highlights, man of the...
Arsenal draw 2-2 with Crystal Palace in Wednesday's clash at the Emirates...
1h ago from SportsMole.co.uk
Liverpool made to wait for title despite Mateta's...
Arsenal made Liverpool wait to win the Premier League title despite...
1h ago from SkySports.com
Arsenal 2-2 Crystal Palace: Premier League – live
t;li>Premier League updates from the 8pm BST kick-off <a...
1h ago from TheGuardian.com
Palace’s Mateta punishes Arsenal muddle to leave...
erpool’s coronation as Premier League champions will have to wait a few...
1h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton could quit Ferrari THIS YEAR says top pundit
Formula 1 legend Lewis Hamilton has been tipped... Read More »
3h ago from GPFans.com
Newey, Stroll relationship already tense – Doornbos
Apr.23 Tension may already be creeping into... Read More »
12h ago from OneStopStrategy.com
FIA announce NEW F1 engine supplier with big name shaking...
Formula 1's governing body the FIA have released... Read More »
6h ago from GPFans.com
